Midcap Growth Fund Market Value
| PFPPX Fund | USD 8.54 0.05 0.58% |
| Symbol | Midcap |
Midcap Growth 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Midcap Growth's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Midcap Growth.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Midcap Growth on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Midcap Growth Fund or generate 0.0% return on investment in Midcap Growth over 330 days. Midcap Growth is related to or competes with Davis Government, Short Term, Us Government, Payden Government, Aig Government, Jpmorgan Government, and Lord Abbett. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Midcap Growth Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Midcap Growth's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Midcap Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.0196 | |||
| Maximum Drawdown | 4.33 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.78 |
Midcap Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midcap Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midcap Growth's standard deviation. In reality, there are many statistical measures that can use Midcap Growth historical prices to predict the future Midcap Growth's volatility.| Risk Adjusted Performance | 0.0502 | |||
| Jensen Alpha | 0.0093 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0194 | |||
| Treynor Ratio | 0.053 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Midcap Growth's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Midcap Growth Backtested Returns
We consider Midcap Growth not too volatile. Midcap Growth has Sharpe Ratio of 0.0323, which conveys that the entity had a 0.0323% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Midcap Growth, which you can use to evaluate the volatility of the fund. Please verify Midcap Growth's Mean Deviation of 0.8208, downside deviation of 1.04, and Risk Adjusted Performance of 0.0502 to check out if the risk estimate we provide is consistent with the expected return of 0.0334%. The fund secures a Beta (Market Risk) of 1.24, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Midcap Growth will likely underperform.
Auto-correlation | -0.5 |
Modest reverse predictability
Midcap Growth Fund has modest reverse predictability. Overlapping area represents the amount of predictability between Midcap Growth time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Midcap Growth price movement. The serial correlation of -0.5 indicates that about 50.0% of current Midcap Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Midcap Growth lagged returns against current returns
Autocorrelation, which is Midcap Growth mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Midcap Growth's mutual fund expected returns. We can calculate the autocorrelation of Midcap Growth returns to help us make a trade decision. For example, suppose you find that Midcap Growth has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Midcap Growth regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Midcap Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midcap Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midcap Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Midcap Growth Lagged Returns
When evaluating Midcap Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midcap Growth mutual fund have on its future price. Midcap Growth autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Midcap Growth autocorrelation shows the relationship between Midcap Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Midcap Growth Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Midcap Growth in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Midcap Growth's short interest history, or implied volatility extrapolated from Midcap Growth options trading.
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Check out Midcap Growth Correlation, Midcap Growth Volatility and Midcap Growth Alpha and Beta module to complement your research on Midcap Growth. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Midcap Growth technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.